PCP Finance representative example

Cash Price £45,999. Deposit £1,000. APR 6.9%. monthly payments £657. Rate of interest 5.14%. Total amount payable £55,257. Term 48 months. Total deposit £1,000. Total amount of credit £44,999. Optional final payment £23,386. Annual mileage 6,000. Excess cost per mile 20 pence.